Execute Sell Put on SOFI at $27 Strike

about 1 month ago

"Well, given that SoFi has pulled back from like $31.5, not even that much of a pullback to be honest. But now it's sitting at a really interesting entry point again because it has had a small bounce despite problems in the market and has had a nice support, a nice bounce right on its moving average. So technically speaking, amazing. Fundamentally, I love the stock as well for the reasons that I mentioned as well as their strong cash flow. So to me, this is a perfect entry in my opinion. This is looking very very strong. So I want to come in right here at the 27. I'm going to show you how much money you can really collect here by selling a put."

The speaker outlines a trade call to sell put options on SOFI at a 27 strike, leveraging technical support and strong fundamentals for a discounted entry. The strategy is highlighted as a way to buy the stock at a lower price with an attractive premium yield, aiming for an approximately 7% return in 30 days.

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